Trade Ideas

Here’s a half hour talk about how I use futures to increase my understanding of forex movement. Question? Comments. Leave ’em here at the blog!

Good morning! Last night, a report from Japan shows demand grew for overseas assets among Japanese investors, adding to the growing sentiment that the recession is abating. This sparked a

Good afternoon! It looks like I missed out on move lower as USDCAD made its way down lower without a pullback to my entry orders. With the pair currently consolidating around

One of the things I have always relied on in my forex trading is my background in futures trading. I started trading futures loooong before I even know about forex pairs.

Good morning! My short trade idea in USD/JPY was triggered at 96.50, where it had quickly found resistance and sellers to push the pair down as low as 95.50. With the FOMC meeting minutes coming up this afternoon, I have decided to

Good morning! My trade was triggered shortly after I posted my trade idea as my short entry orders at 131.00 was hit in the afternoon US trading session. Slightly better than expected Japanese GDP numbers gave the Yen a

Good morning! I was able to catch some pips yesterday for a small gain as Cable rallied higher to hit my entry orders at 1.5180. Luckily, the pair dropped far enough to hit my first profit target, where I

Beginning with the overall look on my quad view offers me the analysis across my favorite tools. I can see where — for example — Pivot support coincides with Wave support and maybe the pressure of a candlestick sell pattern. Notice I also compare each tool on the same time frame.

Good afternoon! My trade was triggered during the morning Asia trading session as EUR/JPY made a low around 131.72 and hitting my orders at 131.80. The pair rallied from there into

Short term intraday patterns can not only be beneficial as set up on their own but they can also indicate where the market cycle of larger time frames is going next.

Good afternoon! After waiting a few days of waiting, my short position was triggered as EUR/USD rallied after today’s US employment data. Unfortunately, 1.35 did not hold for very long as

The idea of knowing how to measure a correction versus a reversal sounds easy in theory but without some understanding of the underlying trend of the time frame you are watching and without tool to measure this with it can be very difficult and thus has been relegated to trendlines (lagging) and guess-work (ineffective).

Today’s events was what I was waiting for: the ECB cuts rates from 1.25% to 1.00% and announced purchases of up to EU60 billion in euro-denominated covered bonds. So, an interest rate cut and

Boo Hoo! Well, it didn’t take long for the market to prove my technical signals wrong as NZD/USD continued to rally.

As I continue the series on how I scan and set up trades, there is one issue that you, I, and everyone will deal with and that’s multiple set ups. How do we pick from the available set ups? Which is best? Which is a risk/reward that we can manage?

Good afternoon! It’s the end of the trading week, so it’s time to close up shop to avoid any weekend risk. EUR/USD failed to move anywhere after I entered short a couple of days ago as

What a bummer as EUR/GBP continued to rally higher beyond my entry price and hit my stop at .9050. The bummer part was that the pair made a high of around .9080 pips before dropping all the way down below .8900!

Good morning! AUD/USD continued to rise today from the open of the European trading session and into the US session on broad US Dollar weakness. The pair violated the

What’s up! It’s another great afternoon, especially as GBP/USD falls today on news that the UK Treasury plans on selling a record number of gilts in an attempt to lift the economy out of recession.

I think it’s a philosophy and not a formula. In this video I share how to approach trade management (which includes risk management as well). The video runs about 20 minutes.